ADA Updates
ADA Vice President Outlines Liberal Economic Recovery Plan |
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| Posted Dec 09 2008 at 9:56 AM |
| Updates >> |
ADA Vice President, Professor James K. Galbraith, who will headline ADA's Inauguration Celebration on January 20th, is currently featured in Mother Jones magazine. Professor Galbraith's article argues for a bold liberal plan for long-term economic recovery.
"What began as a housing collapse will not go away soon. Empty houses wreck home values for their neighbors. The ratings agencies are discredited, the investment banks are gone, and high finance is in debt deflation. Foreign investors won't soon trust the market for US private debt, even for blue chip corporations, so long as they remain saddled with toxic health care costs. Regulation will have to be rebuilt. In short, the money wells have been poisoned, and it will take time and patient effort to clean them up."
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